The US Treasury Department Meets with Three Crypto Companies to Discuss Bitcoin Reserve Custody Solution

BlockBeats News, March 14th, according to Decrypt's report, insiders revealed that the U.S. Treasury Department met with executives from three cryptocurrency custody companies this week to discuss how to safeguard the nation's strategic Bitcoin reserve. Anchorage Digital is one of the institutions participating in the meeting. Anchorage CEO Nathan McCauley stated that Treasury Department officials made detailed inquiries about best practices for the national Bitcoin reserve and digital asset custody, and discussed how custody affects stablecoins and market structure.

Congressional sources indicated that the Treasury Department is currently in a research phase and has not yet formed a clear position, but is actively seeking input from industry experts. There is currently a preference for government Bitcoin reserves to be held by third-party institutions, with the long-term goal being for the government to eventually achieve self-custody. Regarding various types of seized digital assets controlled by the government, long-term reliance on third-party custody may still be necessary. The U.S. Treasury Department has not commented on this.